UniSuper Management Pty Ltd Boosts Position in Copart, Inc. (NASDAQ:CPRT)

UniSuper Management Pty Ltd boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,312 shares of the business services provider’s stock after purchasing an additional 10,618 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Copart were worth $3,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its stake in Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares in the last quarter. National Pension Service lifted its holdings in shares of Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after purchasing an additional 48,334 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Copart during the 4th quarter worth approximately $3,962,000. Sanctuary Advisors LLC lifted its stake in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after buying an additional 9,222 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY grew its position in shares of Copart by 47.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after acquiring an additional 126,436 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 0.9 %

Shares of CPRT stock opened at $55.15 on Friday. The stock’s 50-day moving average price is $56.33 and its 200 day moving average price is $56.14. The stock has a market capitalization of $53.28 billion, a PE ratio of 37.01 and a beta of 1.30. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Insiders Place Their Bets

In related news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,480 shares of company stock worth $21,667,683. 9.68% of the stock is owned by insiders.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.